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Agenda for AGM on 27/02/2018
Feb 08, 2018 - 08:33AM Company : SAHARA HOSPITALITY

 

INVITATION TO ATTEND THE ANNUAL GENERAL MEETING

 

The Board of Directors of Sahara Hospitality Co. (S.A.O.G) (''Company'') are delighted to invite all shareholders of the Company to attend the annual ordinary general meeting to be held at 3.00 pm on Tuesday, 27 February 2018 at Business Hall in the Capital Market Authority building in Muscat to consider the following agenda:

 

Agenda:

1.

To consider and approve the Report of the Board of Directors for the financial year ended on 30 November, 2017.

 

2.

To approve the evaluation of the performance of the Board of Directors for the financial year ended on 30 November, 2017 .

 

3.

To consider and approve the Corporate Governance Report for the financial year ended on 30 November, 2017.

 

4.

To consider the Auditors Report and approve the Balance Sheet and Profit and Loss Account for the financial year ended on 30 November, 2017.

 

5.

To consider and approve the recommendation to distribute cash dividends at the rate of 15% of the issued share capital (150 Baizas per share) for the financial year ended on 30 November, 2017.  Cash dividend will be distributed to the shareholders as at the date of the meeting.

 

6.

To consider and approve the recommendation to distribute stock dividends at the rate of 5% of the issued share capital (5 bonus shares for each 100 shares) for the financial year ended on 30 November, 2017.  Bonus shares will be distributed to the shareholders as at the date of the meeting.  The approval of the distribution of the bonus shares will result in the increase of the issued share capital of the company from 5,833,333 shares to 6,125,000 shares of nominal value of Rial Oman 1 (One) each.

 

7.

To consider and approve directors’ remuneration amounting to RO.115,019 for the financial year ended on 30 November, 2017.

 

8.

To consider and ratify the related party transactions entered into during the financial year ended on 30 November, 2017 .

 

9.

To consider and approve the related party transactions proposed to be entered into during the financial year ending on 30 November 2018 .

 

10.

To approve the criteria for evaluating the performance of the Board of Directors .

11.

To appoint a third party to evaluate the performance of the directors for the year ending on 30 November 2018 and determining their fees.

12.

To appoint the auditors of the Company for the financial year ending on 30 November, 2018 and determining their fees.

 

 

Pursuant to the Articles of Association of the Company, any shareholder has the right to appoint a proxy in writing to attend and vote on decisions taken on his behalf.  The proxy should carry the authorized proxy card attached with the notice to attend the general meeting as issued by Muscat Clearing and Depository Company SAOC.  If the shareholder is a natural person, he is required to attach with the proxy card a copy of ID for adults, passport for females and minors who don’t have an ID card, and resident cards or passports for expatriates.  If the shareholder is a juristic person, the proxy card shall be signed by an authorized signatory and sealed with the Company’s seal and submitted together with a copy of the Commercial Registration certificate.

 

All invitees are requested to attend the meeting at least half an hour before the meeting time.

 

If you have any inquiries kindly contact Mr Biju George, Secretary to the Board on telephone No. 24769820.